Dealers at Art Basel Sidestep Politics, Reap Rewards Art Basel, one of the most prestigious art fairs in the world, has always been a melting pot of creativity, culture, and commerce. This year, however, something seemed different. Dealers and artists seemed to have consciously sidestepped the turbulent waters of politics, opting instead for safe, apolitical […]
AI startup faces lawsuit from Disney and Universal
AI Startup Faces Lawsuit from Disney and Universal In the fast-paced world of technology and innovation, startups often find themselves pushing boundaries and venturing into uncharted territories. However, sometimes these ventures can lead to unexpected consequences, as is the case with Midjourney, an AI startup that is currently facing a lawsuit from entertainment giants Disney […]
Secret passwords could fight deepfake scams
Secret Passwords Could Fight Deepfake Scams In the age of advanced technology and artificial intelligence, the threat of deepfake scams looms larger than ever before. With AI tools becoming increasingly sophisticated, the barrier for impersonation scams is at an all-time low. In light of this concerning trend, cybersecurity expert Cody Barrow is urging individuals and […]
With Financing Push, Saks Global Looks to Buy Some Time
With Financing Push, Saks Global Looks to Buy Some Time Luxury retail giant Saks Global is making headlines once again, this time for securing a deal to infuse a staggering $500 million in new financing. This move comes as a strategic effort to stave off an imminent reckoning that has been looming over the brand […]
World’s smartest shell? New armor material reacts in real time to crashes and impacts
Nature has spent millions of years building better protection. Think of a turtle’s shell, the ultimate defense mechanism refined through evolution. Now, scientists and engineers have taken inspiration from nature to create the world’s smartest shell – a new armor material that reacts in real time to crashes and impacts. This groundbreaking material, developed by […]
Under Armour Turnaround Shows Resilience With Sales Beating Expectations
Under Armour’s Resilience Shines Through as Sales Exceed Expectations Amidst the challenges faced by the sportswear industry during these uncertain times, Under Armour has managed to defy the odds and showcase a remarkable turnaround. The company recently announced that its sales have surpassed expectations, a significant feat considering the current economic climate. Despite projecting a […]
Shein and Temu Ramp up Advertising in UK and France As US Tariffs Hit
Shein and Temu Increase Digital Ad Spending in UK and France Amidst US Tariffs The global fashion e-commerce giants, Shein and Temu, have recently made strategic shifts in their advertising strategies in response to the impact of US tariffs. With a notable decrease in digital ad spending in the US, both companies are ramping up […]
Puig Posts 8% Rise in First Quarter Sales
Puig’s Fragrance and Fashion Divisions Drive Growth Despite Makeup Business Losses Puig, the renowned Spanish conglomerate, has recently reported an impressive 8% increase in sales during the first quarter of 2025. This growth comes on the heels of a challenging period for the company, marked by losses in its makeup business. However, Puig managed to […]
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows Italian luxury fashion house Zegna Group has recently reported a 1% decrease in revenues, reflecting the challenges faced by the wholesale sector while witnessing growth in Direct-to-Consumer (DTC) channels. This shift in revenue streams signifies a broader trend in the fashion industry as consumer […]
Valentino Sales Slipped by 2% in 2024
Valentino Sales Slipped by 2% in 2024: A Closer Look at the Impact on the Brand’s Strategy Valentino, the renowned Italian fashion house, faced a minor setback in 2024 as its sales dipped by 2%. While this news may raise eyebrows in the fashion industry, a deeper dive into the numbers reveals a strategic move […]